"We have the permit to put the equipment on the land," said Price. "And then we've filed our permits – pending approval – to drill."
He later underscored the speculative resource estimates driving the project.
"I believe it's there," said Price. "The scientists believe that it's there.
But until we drill these wells, we don't know."
US officials have increasingly emphasized the strategic value of Greenland's natural resources and geographic location. "We need a deal.
Greenland needs a deal.
We could be – Greenland could be – exporting 2m barrels of oil a day right now," said Jeff Landry, Governor of Louisiana.
Landry suggested rapid development timelines for the prospective energy sector. "We could have those barrels on production within 10 months or so," said Landry.
During military deployments elsewhere, US leadership explicitly reiterated interest in acquiring the territory. "We do need Greenland, absolutely," said Donald Trump, President of the United States.
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Local authorities in Greenland expressed strong opposition to foreign intervention and potential environmental disruption.
Environmental expert David Boertmann warned that industrial activity could damage fragile habitats housing muskoxen and rare bird species like barnacle geese and snowy owls.
"We are like the most peaceful place on Earth," said Avaaraq Olsen, Mayor of the Sermersooq region. "And we have always lived in peace and harmony.
And suddenly there is all these Americans trying to take over."
Greenlandic government leaders affirmed that regulatory boundaries will be strictly enforced regardless of public statements by corporate figures.
